V11 - Property Prices Discussion, Intelligent debates only pls
V11 - Property Prices Discussion, Intelligent debates only pls
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Jun 19 2013, 09:44 AM
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#1
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Junior Member
133 posts Joined: Feb 2009 |
Tikaram, Do you mind to tell me how a retiree get loan to buy house? |
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Jun 20 2013, 10:15 AM
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#2
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Junior Member
133 posts Joined: Feb 2009 |
QUOTE(blowwater101 @ Jun 20 2013, 10:00 AM) I fall in 25-30age group, still got many frens around me still look see look see...havent bought their 1st house yet... Bro, 8K monthly income to buy 800K property still said affordable? I happily to hear from one of my fren said that the property price will depreciate and he havent bought any yet...I guess 1 or 2 year later he will buy if there is no huge drop. sometimes I think we need DDD ppl to support the market. if everyone in crazy bbb mode then i think i will worry... combine income to buy prop is a trend for young generation, i assume in age 25-30, average net income is 4K, so a young couple have 8k net monthly income and they eligible to buy a 800K property (monthly installment about 3.5K) I would like to conclude that the current prop price is still afforadable for young gen 1st prop buyer....not sure if I am too shallow to conclude this ? How about maintenance fee? How about car installment? How about insurance? How about food? and etc.... |
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Jun 20 2013, 10:43 AM
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#3
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133 posts Joined: Feb 2009 |
QUOTE(blowwater101 @ Jun 20 2013, 10:26 AM) How about maintenance fee? maint fees normally is rm200-300 If the 800K property is for investment and staying with parents then is ok because of rental. But if 800K property is for own stay i think is not affordable lo....How about car installment? right, have to sacrify on car...many youngster choose car over prop, so many of them havent purchased house until their salary got increase...so the demand is still there... How about insurance? many youngster dunno how important of insurance...they dont buy or buy the basic and cheap one. How about food? most of my fren stay with parent... For youngster who determine to buy house...they will find way to finance they 1st house one (eg. drive cheap car instead), as property can use for own occupation + investment. I mean they can stretch until 800k la...600k for a 8k net income couple not a problem lo. I wan to emphasize the point that they can stretch until 800k, bcos many ppl said the price now is not sustainable, young gen not afford for it. |
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